Jet Airways’ founder and former CEO Naresh Goyal is no longer in the race to buy stake in the troubled airline, which is up for bidding by potential suitors, PTI reported citing sources. The report said that Naresh Goyal has decided not to bid. This follows and puts rest to the speculation of the lenders’ consortium having selected four suitors for the cash-strapped airline.
Even with the board meeting of Jet Airways underway to discuss the future course of action and amid the talks of temporary suspension of the operations of Jet Airways, the airline’s troubles do not seem to come to an end. The beleaguered airline is struggling to stay afloat with its flights down to less than 10 from the earlier fleet of 119.
The airline is also bereft of fuel supplies and it is expected that it will run out of the fuel by today noon, IANS had earlier said citing sources. “The fuel supply is expected to run out from Tuesday afternoon as fresh payments would be required for vendors,” the report said quoting a source.
